NOT LISTED FOR SALE

740 Arcadia Ave Arcadia, CA 91007

8 Beds
6 Baths
3,887 Sq Ft
13,704 Sq Ft Lot

Last Sold January 08, 2020

Last sale price $2,310,000 $594 Per Sq Ft

69 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • Level Lot
  • Baldwin Stocker Elementary School Rated A+
  • Landscaped

About This Home

As of January 2020

PLEASE DO NOT WALK THE PROPERTY OR DISTURB THE TENANTS. Beautiful Arcadia 5 Unit Apartment complex comprised of a separate three bedroom two bathroom detached home and four very well maintained apartment units on an 13,702 square foot lot. The separate house is a great size and has a two car covered garage parking spaces as well as a front and backyard. The 4 Apartments in 2 Buildings have also been remodeled and look great. This Location is convenient to all shops as well as the Westfield Shopping Center and the Santa Anita race track. Separate meters for Gas and Electricity as well as onsite laundry room that belongs to the building. Property is all occupied with No Vacancy's.

Last Agent to Sell the Property

Ash Rizk

Coldwell Banker Realty License #01503342 Listed on: 08/08/2019

Coldwell Banker Realty

Last Buyer's Agent

Sen Lang

JC Pacific Corp License #01991481

JC Pacific Corp

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 13,702 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Private Yard
  • Lawn
  • Back Yard

Parking

  • 6 Car Garage

Home Design

  • 3,887 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 121
  • Tax Tract Number 2731
  • Assessor Parcel Number 5783008018

Community Details

Overview

  • 3 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Insurance Expense $2,200
  • Trash Expense $120
  • Water Sewer Expense $600
  • New Taxes Expense $26,000
  • Operating Expense $2,920
  • Gross Income $105,600
  • Net Operating Income $76,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0.31 Acres

Parking

6

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 600.00
  • Zoning: ARR3YY
  • Property Type: Residential Income
  • Parcel Number: 5783008018
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 594.29

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Sprinklers: Yes
  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 120.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Lawn, Level with Street, Lot 10000-19999 Sqft, Sprinkler System, Yard
  • Lot Size Sq Ft: 13702.00
  • Lot Size Acres: 0.3146

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 105600.00
  • Gross Scheduled Income: 105600.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 13702.0000 Square Feet
  • Net Operating Income: 76680.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 28920.00
  • Rent Control: No
  • Total Expenses: 2920.00

Tax Info

  • New Taxes Expense: 26000.00
  • Tax Census Tract: 4307.24
  • Tax Lot: 121
  • Tax Tract Number: 2731
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2020 01/08/20 Sold $2,310,000 -3.7% $594 / Sq Ft
10/16/2019 10/16/19 Pending -- -- --
08/20/2019 08/20/19 For Sale $2,398,000 +3.8% $617 / Sq Ft
08/19/2019 08/19/19 Off Market $2,310,000 -- --
08/08/2019 08/08/19 For Sale $2,398,000 -- $617 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $28,721 $2,526,317 $2,021,055 $505,262
2024 $28,721 $2,476,782 $1,981,427 $495,355
2023 $28,128 $2,428,219 $1,942,576 $485,643
2022 $27,207 $2,380,608 $1,904,487 $476,121
2021 $26,713 $2,333,931 $1,867,145 $466,786
2020 $20,076 $1,716,859 $966,531 $750,328
2019 $19,856 $1,683,200 $947,580 $735,620
2018 $19,310 $1,650,200 $929,000 $721,200
2016 $8,039 $600,544 $338,022 $262,522
2015 $7,907 $591,524 $332,945 $258,579
2014 $7,834 $579,938 $326,424 $253,514
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR19137546

California Regional Multiple Listing Service (CRMLS)
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